With futures pointing towards a continuation of the bounce off last week’s lows, keep an eye on FRGI as a long idea this week. The restaurant stock has outperformed on a relative basis, and is a strong chart in its own right (tight daily chart, below).
Should the market bounce roll back over, I am targeting the biotechs on the short side via BIS.
Drop me your top tickers overnight.
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Futures are pointing down, because they take into consideration Friday’s close. Right now Bloomberg is showing:
Dow Jones Indus. Avg Dec 14 16,391.00 +82.00
S&P 500 Dec 14 1,890.90 +9.90
NASDAQ 100 Dec 14 3,828.75 +24.75
Still a gap up on the /ES which is holding so far.
LNKD short. This did not join the friday party. Another visit at the 200sma will likely crack.
ROX catching my eye long
ANF looks to be threatening major breakdown
I love the pic here. Any idea where this is? I need to go there.
Matterhorn, Switzerland!